BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
JM Financial Ltd.'s Q2 FY21 earnings beat our expectations primarily due to strong momentum in fee-led investment banking, wealth management and securities business revenues (up more than 40% YoY, double QoQ).
Lending/asset reconstruction company continued to be modest given weak real estate sentiment and non-conducive resolution environment.
In wholesale mortgage lending, collection efficiency improved to 81% during the quarter and the company expects negligible restructuring.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
